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109
ANNUAL REPORT 2011
of directors members António Carlos Vaz Pinto
de Sousa e António Alberto Guerra Leal Teixeira,
from the mentioned amount of 756.034,00
€
in
2011, it will correspond to each one of those
board of director’s members the amount of
378.017,00
€
.
The non executive member of the board
obtained an annual remuneration of 6.000
€
.
II.1.5.2. The statement on the remuneration
policy of the managing and supervisory bodies
set forth in article 2nd of Law n.º 28/2009,
of 19th of June, shall contain, beyond the
contents there referred, sufficient information:
i) regarding which companies groups
remuneration policy and practices were taken
as a comparative element to the determination
of the remuneration; ii) regarding payments
related to the dismissal or termination by
agreement of director’s functions
and
II.1.5.3. The statement on remuneration policy set
forth in article 2nd of Law n.º 28/2009 shall also
include the remunerations of other managers, in
the sense of number 3 of article 248th-B of the
Securities Code, whose remuneration contains
an important variable component. The statement
shall be detailed and the policy presented shall
take into account, namely, the company’s long-
term performance, the compliance with norms
applicable to the company’s activity and the
contention in risk-taking.
For setting the Board of Directors and the
Statutory Audit Committee remunerations there
were not taken any comparative remuneration
policies or practices over payments made by
other companies, and it has been not regarded
any policy over payments related to the
dismissal or termination of the administrators
function, by agreement.
Regarding the Directors remuneration policy,
it is stated by the Board of Directors in it’s
Statement joined to this Corporate Governance
Report, that there are no significant variable
components of its remunerations.
II.3.3. The Chairman of the Executive Board
of Directors shall send to the Chairman of
the General and Supervisory Board and the
Chairman of the Committee on Financial
Matters the notices to and minutes of their
meetings.
This recommendation is not applicable in the
meaning of the text. It is clarified in the Chapter
II, Point II.12 and II.13.
II.4.1. In addition to the exercise of its supervisory
duties, the General and Supervisory Board shall